Q3 EPS Estimates for Lifezone Metals Boosted by Roth Capital

Lifezone Metals Limited (NYSE:LZM) – Equities research analysts at Roth Capital lifted their Q3 2024 earnings estimates for shares of Lifezone Metals in a research report issued to clients and investors on Wednesday, December 18th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.09) for the quarter, up from their prior forecast of ($0.11). The consensus estimate for Lifezone Metals’ current full-year earnings is ($0.38) per share. Roth Capital also issued estimates for Lifezone Metals’ Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.32) EPS, Q4 2025 earnings at ($0.13) EPS and FY2025 earnings at ($0.50) EPS.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $14.00 price objective on shares of Lifezone Metals in a report on Wednesday.

Lifezone Metals Price Performance

Shares of Lifezone Metals stock opened at $6.73 on Friday. The stock has a 50 day moving average of $6.68 and a 200 day moving average of $7.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.08. Lifezone Metals has a 12 month low of $4.52 and a 12 month high of $9.97.

Institutional Trading of Lifezone Metals

Hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in Lifezone Metals by 14.8% during the third quarter. State Street Corp now owns 381,229 shares of the company’s stock worth $2,669,000 after acquiring an additional 49,197 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Lifezone Metals in the 2nd quarter worth approximately $836,000. Barclays PLC increased its position in shares of Lifezone Metals by 275.9% during the 3rd quarter. Barclays PLC now owns 48,032 shares of the company’s stock valued at $336,000 after purchasing an additional 35,253 shares during the last quarter. Rhumbline Advisers bought a new position in shares of Lifezone Metals during the 2nd quarter valued at approximately $306,000. Finally, Creative Planning purchased a new stake in Lifezone Metals during the 3rd quarter valued at $174,000.

About Lifezone Metals

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company’s products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.